I'm tending towards the Jeremy Siegel analysis:
Wharton professor Jeremy Siegel says Jerome Powell is making one of the biggest policy mistakes in the Fed's 110-year history, and it could lead to a major recession (msn.com)
Plus, rate hikes will not bring grocery prices down. Food inflation as far as I can tell is not primarily a monetary phenomenon, but a supply chain production/untimely weather problem.
Question: If inflation is so bad right now, why are gold and silver prices going down? That is not the usual response in commodity markets.